Sell Aud - Usd
At .8365
Tp .8275
Sl No Need Becasue Its Gauranted Trade
Further Break Below .8275 Could Lead Towards .8185
every week we have the jokers post of the week
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #27,341
- Sep 16, 2007 12:14am Sep 16, 2007 12:14am
- | Commercial User | Joined Jun 2007 | 3,549 Posts
every week we have the jokers post of the week
- #27,344
- Sep 16, 2007 12:34am Sep 16, 2007 12:34am
dont mix a 15min start trade with a 4hr strat trade
there will be instances where they are in opp direction !
on a 4hr strat --s/l are bigger ---and many start panicking
intraday trading here rules--- and many share opinion/suggestions of intraday trading ...dont confuse them with swing/position trades.
remember.. every jackass has an opinion-- trade what u see-- trade your own style.. trade your own TF's.....make your own decisions...trade wise !
we r merely here to discuss views--- thats just it !
- #27,346
- Sep 16, 2007 12:46am Sep 16, 2007 12:46am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Definitely not.. Keep those information coming to this thread. Very much appreciated.
I recieved a PM from one trader , saying how he lost $20,000 when the price rose to 234.75 and he's blaming on this thread for his losses since every one hear expected a big fall last week. My concern is to contribute a balance view so some idiotic traders don't invest blindly.
I totally agree with everybody saying we are intraday traders, ofcourse we are.. when I predict something, it doesn't mean I have a short trade sitting and I'm just waiting, nah. I trade what I see based on intraday moves, make pips. I was short biased last week and price went up at the beginning (pricing in 25bp?), I made green pips (I didn't sit there like a newbie and watch $20K evaporate), but then the market turned around last day of the week and the weekly candle closed as a bearish candle which is what I was expecting it to do.
Trade what you see, not what you think.
- #27,347
- Sep 16, 2007 1:12am Sep 16, 2007 1:12am
- | Joined Aug 2007 | Status: Climbing Peaks Gliding Valleys | 1,601 Posts
This is a good lesson for the traders who follow without knowing what on earth is happening, trading blindly will only lead to a disaster.
I totally agree with everybody saying we are intraday traders, ofcourse we are.. when I predict something, it doesn't mean I have a short trade sitting and I'm just waiting, nah. I trade what I see based on intraday moves, make pips. I was short biased last week and price went up at the beginning (pricing in 25bp?), I made green pips (I didn't sit there like a newbie and watch $20K evaporate), but then the market turned around last day of the week and the weekly candle closed as a bearish candle which is what I was expecting it to do.
I recieved a PM from one trader , saying how he lost $20,000 when the price rose to 234.75 and he's blaming on this thread for his losses since every one hear expected a big fall last week. My concern is to contribute a balance view so some idiotic traders don't invest blindly.
I put it down as my own inexperience in the technicals, the system and adjusting to the emotional rollercoaster associated with initially going LIVE and thereafter. After that I thought, gosh this is no way to trade lol. I dug my heels and learned the system as best I can, reducing my risk, back testing and I’m still learning more each day.
What this thread offers for me is far more than what I could learn paying thousands of dollars for a course. We have so many great minds in the one thread giving their own views and lending us their experience and expertise. However, we need to take responsibility for our own decisions otherwise how in the world can you personally change a bad situation to a better one if you are always reliant upon others. Forex does not treat lightly and not nicely lol those who wish to take the easier road. I do believe on the other hand, that those willing to take the time, do the work and incorporate discipline and patience will be handsomely rewarded.
Anyway just my 2cents from my own experience. Sorry if I rambled a bit lol. Take care all!
- #27,350
- Sep 16, 2007 5:03am Sep 16, 2007 5:03am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Maybe because you didn't tell you reverse your position that some people keep on the losing trade thinking if you keep them then they should too
Plus many newbie's think they can get rich quickly and they risk 20% and more per trade, I tried that kind of stuff before and I blew up my first account. It's not my problem if some newbie do not want to take the time to learn and use proper Money Management in his/her trading.
Nobody ever taught me how to trade or when to buy/sell/hold/wait/stay out, I sat on my chair and kept trying, reading all kind of different stuff from trading systems, money management, candlestick patterns, books, and more trying. I'm not the kind of person who will give up quickly because I believe in myself that I can do it.
Another advice to the newbie's, to trade successfully you must have the right mindset for trading. Read a book about the psychology of the market and traders, I might have something on my PC if any of you can't find anything.
Trade what you see, not what you think.
- #27,352
- Sep 16, 2007 5:21am Sep 16, 2007 5:21am
- Joined Nov 2006 | Status: Dubai | 11,493 Posts
Trade what you see, not what you think.
- #27,357
- Sep 16, 2007 9:50am Sep 16, 2007 9:50am
Thanks Aus, now I understand where you are coming from.
Every forex investor should know the kind of business we are in and that there is only one person responsible for its own action (I guess that is you Aus... hehe... just kidding).
There is no easy money - even the best get burnt. If you got lucky -- just be careful not to lose it all. Investing on yourself by doing research and practice Demo account will definitely help improve performance. Humble Superstars (on this thread) are preaching and reminding us every week here of the commandments in forex --- I think people are reading (but others are not listening) since some are still tempted to take the easy route by gambling instead of investing. I am sure many have read/heard this before that even when you only make 50% of the calls but if you practice MM then your trade will still be positive. It is very easy to right click your mouse and lose all your money. Just my 2 cents based on experience :-D Forex is here to stay.
Going back to get more sleep. Good day to all. I am a dummy so I will be quiet on the sidelines later and wait for a very good opportunity and capture some PIPS for myself.
Cheers!
Every forex investor should know the kind of business we are in and that there is only one person responsible for its own action (I guess that is you Aus... hehe... just kidding).
There is no easy money - even the best get burnt. If you got lucky -- just be careful not to lose it all. Investing on yourself by doing research and practice Demo account will definitely help improve performance. Humble Superstars (on this thread) are preaching and reminding us every week here of the commandments in forex --- I think people are reading (but others are not listening) since some are still tempted to take the easy route by gambling instead of investing. I am sure many have read/heard this before that even when you only make 50% of the calls but if you practice MM then your trade will still be positive. It is very easy to right click your mouse and lose all your money. Just my 2 cents based on experience :-D Forex is here to stay.
Going back to get more sleep. Good day to all. I am a dummy so I will be quiet on the sidelines later and wait for a very good opportunity and capture some PIPS for myself.
Cheers!
Definitely not.. Keep those information coming to this thread. Very much appreciated.
I recieved a PM from one trader , saying how he lost $20,000 .
